St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-26

A RTICLES OFINCORPDRATIONO OF THE
"A st. Paul Belt Railroad Company.-We,
the undersigned, do hereby associate our
selves together for the purpose OF forming,
creating and organizing corporation pursu-
ant of the proyieions of chapter 81, of the
General Statutes OF the State of Minnesota,
and the several acts anlendatory thereof, and
do hereby. adopt and sign the following
articles OF incorporation:
First-The name of said corporation is and
snail be the ''St Paul Belt Railroad Com
pany.''
The general nature Of the business of said
corporation shall be to construct, maintain
and operate the railroads hereinafter men-
toned for public use i'll the conveyance OF
persons and property, to-wit: -
line OF railway Of standard gauge with
one or more tracks extending from COM
yen1ent point of junction with the tracks Of
the st. Paul Union Depot company at or near
the center OF Third street, IN the city of st.
Paul, according to the recorded plat thereof;
thence upon the most feasible route, in
general northerly and northwesterIy direc-
ton, to a point of junction with the
so-called Minneapolis, Sault Ste. Marie &
Atlantic railway, hereafter to be located.
within the town of White Bear, so-called,
together with one branch from such line ex-
tending in an easterly direction TO point of
junction with the so-called Minnesota, st.
Croix q wisconsin railroad in the town of
New Canada, and another branch extending
from such line in a general westerly diree-
ton from some convenient point thereupon,
ucIcdlI6r W DC lOcaleG, 10 u point Oh JUNO
ton with the tracks and property of the
Minnesota Transfer Railway company, SO
called, said main line and branches being
seVerally and respectively within the county
OF Ramsey and State of Minnesota.
Also line or railway of standard
gauge. with one OF more tracks
extending from some convenient point
upon the Minnesota & Northwestern
railroad, SO called, hereafter to be located,
within the county of Ramsey or the county
OF Dakota in said State of Minnesota, thence
upon the most feasible route in general
westerly and northwesterly direction, to
point of junction with the tracks of the Chi
cago, Milwaukee & ST. Paul Railway com
pany and the Minneapolis & st. Louis Rail
way company and the Minneapolis & Pacific
Railway company and the Minneapolis
city of Minneapolis, so called, within the
county Of Hennepin and State of Minnesota.
The principal place of transacting the busi-
ness of said corporation shall be and is here:
by established and located at the city OF
Saint Paul in the State of Minnesota
Second-The time of commencement OF
said corporation shall be and is the date Of
the completed fling, recording and pubiica-
ton of these articles, and said corporation
shall continue for a period of fifty years
from and after said time.
Third-The amount of capital stock Of said
corporation is one million five hundred
thousand 81, 500 GOO dollars, and the
same shall be paid in when. and as, and in
such manner as the board of directors may
by resolution require, subject to the proYl-
Sions of law in that behalf.
Fourth-The highest amount of indebted
ness or liability to which said corporation
shall at any time be subject is five million
$4,000, 600 dollars.
Fifth-The names and places Of residence
| of the persons forming this association for
| incorporation are as follows: Edmund Rice,
| Jr., residing at st. Paul, Minnesota; William
| G. CASTOR, residing at st. Paul. Minnesota;
| William Dawson, Dr., residing at st. Paul,
! Minnesota; John a. Morrison, residing at
| st. Paul. Minnesota; Edwin A. Jaggard, re-
| siding at st. Paul, Minnesota
Slxth-The names OF the first board OF
| directors are as follows: Edmund Rice, Dr.,
! William G. CASTOR, William Dawson. Jr.,
i John H. Morrison and Edwin A. Jaggard!
| The government of the corporation and the
! management of its affairs shall be vested in
| board of directors, FIVE 90 in number, who
| shall be chosen by the stockholders at the
| annual meeting of the corporation held
| upon such day in each year as shall from
/ time to time be designated by the bylaws Of
| the corporation. Only stockholders shall be
| eligible to be directors.
! The board of directors shall, at their first
| meeting, elect president, vice president. sec
| rotary and treasurer, who shall seYerally and
| respectively perform such duties as are
usually performed by like officers of similar
| corporations, as well as special duties from
time to time assigned to them by the board
! of directors.
The board of directors shall have all the
| power and authority in and about the man
agement of the affairs of the corporation now
| vested or hereafter to be vested in similar
bodies by the laws of Minnesota now in force
| or hereafter to be established, each director
shall hold his Office until his successor is
elected and qualified. All officers of the
corporation shall be stockholders.
Seventh-The number of shares of the
| capital stock of the st. Paul Belt Railroad
! company is fifteen thousand Q5,G001 and
| each share is and shall be of the par value of
one hundred (S1O0) dollars.
In witness whereof, the persons forming
| this association for incorporation of the st
! Paul Belt Railroad company have hereunto
each for himself, set their hands and seal:
this thirteenth (13th) day of June in ths
year of our Lord one thousand eight hundred
| and eighty seven.
EDMUND RICE, Jr. [Seal
1 WILLIAM G. CASTOR, Seal
| WILLIAM DAWSON, Jr., ISeal.
| JOHN II. MORRISON, [Seal.
EDWIN A. JAGGARD. fSeal.
Signed and sealed in the presence Of:
RORERT n MAGKAY